Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Game Development Firm Scopely Raises $200mln, Hits Valuation of $1.7bln

Game Development Firm Scopely Raises $200mln, Hits Valuation of $1.7bln

Kelly Cromley by Kelly Cromley
Oct 30, 2019
in Market News, News
Reading Time: 2 mins read
0

Los Angeles-headquartered mobile game development platform Scopely has garnered $200 million in the Series D funding phase. Including this funding, the publisher of free-to-play games has raised $458 million in total.

The latest fundraising implies a valuation of $1.70 billion for Scopely. The Series D funding phase was headed by NewView Capital, in addition to participation from the Canada Pension Plan Investment Board (CPPIB), Scottish asset management firm Baillie Gifford and global investment company BlackRock.

Furthermore, prevailing investors such as Sands Capital Ventures, Revolution Growth and Greycroft Partners participated in the funding round.

Scopely stated that the amount raised will be used to purchase and develop fresh. The company intends to carry on with the running of its six mobile games that generated more than $100 million as of now.

Additionally, the company also intends to carry on with its investment business and M&A while entering into new categories and also acquiring intellectual assets.

Scopely CEO Walter Driver explained the restrictions faced by independent studios.

“The barrier to entry from independent studios is to find product-market fit. Increasingly, it’s helpful for them to have publishing capabilities that are more global in nature and more scaled.”

The CEO further stated that Scopely will concentrate on capital infusion in taking over other budding gaming studios.

Driver revealed that the objective of the platform is to identify talented game developers. “Our technology platform is about optimizing free digital experiences for the largest amount of players possible. We’re primarily focused on finding the most passionate and talented game developers that want to specialize in making the kind of game design and might have the kind of specialized expertise that we admire.”

Javier Ferreira, the company’s co-CEO, stated that Scopely is also looking at investment opportunities in enterprises “that have demonstrated success in the marketplace” and “can benefit from our expertise.”

Ferreira further said “Now we are in a position to really go after companies and studios that can have an impact on what we’re doing. We are looking for transformational opportunities as well as smaller companies.”

With its main concentration on mobile-phone games, Scopely will try to bring the experience on multiple platforms. Ferreira emphasized that the money raised will not be used to manage operational costs. He said “This is about making strategic bets in the game space.”

NewView Capital’s Ravi Viswanathan explained the reason for backing Scopely’s fund raising program.

“Scopely is emblematic of the rise of interactive entertainment and we have seen firsthand the team’s ability to repeatedly and successfully launch and sustain mobile products, which are complex live businesses. Scopely’s technology platform coupled with their strategic partnerships and track record are unmatched in the Western world and we are thrilled to deepen our relationship to support their next phase of growth.”

Previous Post

Bitcoin Data Provider CoinGecko Unveils Analysis Tool for Over 100 Derivatives Products

Next Post

Investment Fund 3IQ Receives Green Signal From Ontario Regulator For Bitcoin Fund

Related Posts

nexus-expands-cross-platform-with-four-new-blockchain-games

Nexus Expands CROSS Platform with Four New Blockchain Games

by Kelly Cromley
Jun 18, 2025
0

Nexus has formalized an onboarding agreement with international gaming companies to integrate four blockchain-based games into its open platform, CROSS....

avail-launches-full-stack-to-address-blockchain-scalability-issues

Avail Launches Full Stack to Revolutionize Blockchain Scalability

by Kelly Cromley
Jun 18, 2025
0

Avail, a company focused on modular blockchain infrastructure, has officially rolled out its full Avail Stack, aiming to address major...

global-settlement-facilitates-feniix-tokenized-energy-deal

Feniix Energy Finalizes $75M Oil and Gas Acquisition Deal Using Tokenized Capital

by Kelly Cromley
Jun 18, 2025
0

Latin American energy firm Feniix Energy has completed a landmark $75 million acquisition of a live oil and gas operation,...

my-neighbor-alice-game-launched-on-chromia-blockchain

My Neighbor Alice Launches First Full Game Chapter on Chromia

by Kelly Cromley
Jun 18, 2025
0

The widely recognized blockchain game My Neighbor Alice has officially entered a new phase with the release of Chapter One:...

eigencloud-to-extend-blockchain-grade-trust-to-non-blockchain-apps

EigenLayer Unveils EigenCloud to Bridge Blockchain and Off-Chain Trust

by Kelly Cromley
Jun 18, 2025
0

EigenLayer has taken a significant step forward in overcoming one of the long-standing limitations of blockchain technology by launching EigenCloud,...

Chainalysis to partner Aptos Foundation

Chainalysis and Aptos Join Forces to Tackle Blockchain Threats

by Kelly Cromley
Jun 17, 2025
0

Chainalysis has entered into a strategic partnership with the Aptos Foundation in an effort to strengthen blockchain security through improved...

Next Post
Investment Fund 3IQ Receives Green Signal From Ontario Regulator For Bitcoin Fund

Investment Fund 3IQ Receives Green Signal From Ontario Regulator For Bitcoin Fund

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

nexus-expands-cross-platform-with-four-new-blockchain-games
Market News

Nexus Expands CROSS Platform with Four New Blockchain Games

by Kelly Cromley
Jun 18, 2025
avail-launches-full-stack-to-address-blockchain-scalability-issues
Market News

Avail Launches Full Stack to Revolutionize Blockchain Scalability

by Kelly Cromley
Jun 18, 2025
global-settlement-facilitates-feniix-tokenized-energy-deal
Market News

Feniix Energy Finalizes $75M Oil and Gas Acquisition Deal Using Tokenized Capital

by Kelly Cromley
Jun 18, 2025
my-neighbor-alice-game-launched-on-chromia-blockchain
Market News

My Neighbor Alice Launches First Full Game Chapter on Chromia

by Kelly Cromley
Jun 18, 2025
eigencloud-to-extend-blockchain-grade-trust-to-non-blockchain-apps
Market News

EigenLayer Unveils EigenCloud to Bridge Blockchain and Off-Chain Trust

by Kelly Cromley
Jun 18, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • ETF
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree